A trader marked the selling price of an article at 10% above the cost price. At the time of selling, he allows certain discount and suffers a loss of 1%. The discount allowed is:
(a) 9%
(b) 10%
(c) 10.5%
(d) 11%
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A trader marked the selling price of an article at 10% above the cost price. At the time of selling, he allows certain discount and suffers a loss of 1%. The discount allowed is:
(a) 9%
(b) 10%
(c) 10.5%
(d) 11%
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Answer:
Correct option is B)
Let the C.P. = Rs. 100
Then marked price =Rs. 110, S.P. = Rs. 99
Therefore, Discount %=( 110
11×100)%=10%